Allowed

State Bank of India v. Sri. Madhubabu Chilamakuru

DRT14 Nov 2025OA/413/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Original Appeal filed by the State Bank of India against the Defendant for recovery of a loan amounting to Rs. 22,98,834/- plus interest. The court held that the bank established its claim as the defendant remained ex parte and ordered the Defendant to pay the principal, interest, and costs. A recovery certificate was issued.

What did the court decide?

Defendant directed to pay Rs. 22,98,834/- with interest at 11.30% p.a. from 21.08.2025 till realization, along with costs. Recovery certificate issued.

State Bank of India versus Sri. Madhubabu Chilamakuru — Banking and Recovery | DRT (2025)

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IN THE DEBTS^{RECOVERYTRIBUNAL} -^{I AT HYDERABAD} DATED THIS^{THE 14th DAY OF NOVEMBER, 2025} PRESENT: SRI^{GUMMADI GOPICHAND, PRESIDING OFFICER}

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OA. No.413OF2025

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Between^:

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State Bank of^lndia, Stressed Asset^{Recovery Branch ll,} House No.1-8-563/1,^{First floor,} Opp. Sandhya^{Theatre,RTC X Roads,} Hyderabad Represented bY^{its Chief Manager}

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Applicant

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VERSUS

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Sri. Madhubabu, Chilamakuru, Male, major, S/o Shyam Sundar^Naidu, 8/59 JangamPalli,^block-7, Yallanooru Mandal, Anantapur District,^{A.P,Pin-515465'}

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Also At - Sri. Madhubabu,^Chilamakuru, Male, major, Senior AnalYst -^{Plat Accounting,} Solenis GSS^{lndiaPvt. Ltd'} Galaxy by AuraSindo^{Reality,18th floor,} Hyderabad^{Knowledge CitY, TSHC} High Tech City^{Road, Hyderabad 500081} hrs" ;*a-'gl

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(oA. No. 413/2025)

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Counsel for the Parties^.

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For The Applicant M.V. JanakiRam For the Defendant Exparte 12.11.2025 Reserved on, 14.11.2025 Pronounced on Upload in website^on 15.11.2025

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ORDER

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The Applicant^{Bank filed the present OA againstDefendant for} recovery of a^{total sum of Rs.22,98,834/-(RupeesTwentyTwo} Lakhs Ninety Eight^{Thousand Eight Hundred and Thirty Four} Only) with interest @^{11.30%p.a with monthlyrests from} 21.08.2025 till^{the date of realization.}

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Aspertheavermentsintheapplication,theApplicantBankstates that Defendant^{availed Personal Loan under Xpress credit} [email protected]%p.awithmonthly rests repayable^{in T2equated monthly installments of Rs'47'971/-} and I Loan Agreement^{dated 17.08.2023in} k. After availing^{the loan facilities,the} defendant to the terms of^{sanction, hence the} 4 lj0tj 2ffi

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(oA. No. 413/202s)

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applicant bank classified the^{accountas NPA on 17.04.2025 and} issued Legal notice on 22.08.2025.^{lnspite of several requests} and demands, the defendant did^{not clear the outstanding. Hence} this OA.

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Defendant called absent and^{set exparteon 08.09.2025}

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Sri. M. Ravinder,^{Managerof the ApplicantBank examined} himself as AW.1 and^{exhibited relevant documents, whichare} marked as Ex.A.1 to A.9.

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Heard the Ld. Counsel^{for the ApplicantBank.}

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The point that arise for^{consideration is whether the Applicant} bank is entitled for the^{claim made in the OA againstthe} Defendant as PraYed^for?

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Defendant remained^{exparte. To substantiatethe case of the} Applicant Bank, AW.1,^{officlal of the Applicant Bank was} examined and he^{exhibited relevant documents as ExA'1 to A'9'} ln view of the above, I^{hold that the Applicant Bank has} established their^{claimmadein the oA against the Defendantand} hence the Applicant^{Bank is entitled to recover the claim made in} nterest and costs.

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(oA. No. 413/202s)

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ln the result, the^present OA^{is allowedwith costs, as under:}

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The Defendant is^liable to^{pay to the Applicant Bank a total sum} of Rs.22,98,834/-^{(Rupees TwentyTwo Lakhs Ninety Eight} Thousand Eight Hundred and^{Thirty Four Only) with interest} @^{11.30%p.a with monthly rests from 21.08.2025till the date of} realization

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The Applicant Bank^{is entitled to proceed against the person and} properties of defendant towards^{realization of the debtdue.}

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That Applicant Bank^{is entitled to the costs of the OA.}

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The Applicant shall file^{a costmemowithin two weeks from the} date of receipt of^order.

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lssue Recovery^{Certificate accordingly.}

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Communicate^{a copy of the order to the partiesconcerned'}

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(Diclated to the P.A., transcribed^{by her,conected, signed and pronouncedby me in the opencoud on} this the 14h day^{ol Nov,2025)}

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sd/(G. GOPICHAND) PRESIDING OFFICER

State Bank of India v. Sri. Madhubabu Chilamakuru

Case brief

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State Bank of India v. Sri. Madhubabu Chilamakuru

Case brief

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